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The cryptocurrency exchange Binance has just listed the BIO coin from the Bio Protocol project, achieving enormous success. The token recorded a performance of +2400% in the first minutes of trading, momentarily reaching a capitalization of 1.1 billion dollars. BIO had also been added to the launchpool section of Binance, where it attracted a lot of investment capital. Let’s see all the details below. What is the Bio Protocol project? Bio Protocol (BIO) is an innovative decentralized science (DeSci) project that recently debuted on Binance’s Launchpool.  This platform aims to revolutionize the landscape of scientific research by creating a decentralized funding and liquidity ecosystem for biotechnology. Bio Protocol is based on blockchain technology to eliminate traditional obstacles related to centralized institutions and intermediaries, making science more accessible, collaborative, and transparent for everyone. The project was launched by the founders of “Molecule”, a tokenization platform for biomedicine, and “VitaDAO”, a decentralized organization focused on science. At the center of Bio Protocol are the BioDAOs (Decentralized Autonomous Organizations), community-owned organizations that gather resources for scientific research. These BioDAOs allow patients, scientists, and professionals in the biotechnology sector to collectively finance and own the copyright of revolutionary projects. The protocol ensures that these entities have the funding, liquidity, and tools necessary to achieve their goals, maintaining a decentralized governance. Users can stake their BIO tokens to vote on which new BioDAOs should join the ecosystem, receiving exclusive benefits. Among the advantages for stakers, we find economic incentives such as early token sales or privileged access to biomedical research, Furthermore, the protocol helps to commercialize the copyright of scientific research to create sustainable value in the long term. The project is supported by some of the most well-known venture capital companies, including 1kx Network, Fifty Years Venture Capital, Binance Labs, and Northpond Ventures. Bio…

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Filed under: News - @ January 3, 2025 2:21 pm